Investment idea in ATUL on NSE (INDIA)This is weekly chart of ATUL on NSE (INDIA) which looks an excellent investment idea based on following observation: 1. It is up trending scrip which is quite obvious by looking at chart. CMP is 3304.65) 2. Two trendlines have been drawn which have been tested many a times exhibiting multiple supports (shown by arrows) 3. Dividend has been paid in July 2018 (Rs 12/-) 4. Resistance at 2560 was decisively broken on 18th Dec 2017 which subsequently acted as support and was tested on correction on 5th Feb 2018. Price then consolidated during 5th Feb 2018 to 20th Aug 2018 and finally given fresh breakout on 27th Aug 2018. Price subsequently tested EMA20 on 1st Oct 2018 which acted as support. It therefore establishes that EMA 20 will act support in near terms on weekly chart on closing basis. 5. Bullish crossover has been witnessed on Stochastic RSI as marked on the chart. In view of above, it looks an excellent idea to invest in this stock on long term basis keeping initial stop at 2800 and then trailing as price move further towards north. Trailing stop could be weekly closing below weekly EMA20. Happy investing !!! Longby DEVERAMA0
Uptrend Swing formationEnter at 2917.45 with an intial stop loss at 2725.35 on 02 Aug Trail stop loss to 2860 on 08 Aug Update TSL to 2990 on 16 AugEducationby VJ5Updated 1
AtulThe stock has broken out a rectangular pattern indicating that according to the pattern, a target of 20%+ can be witnessed in the stock in the coming months. Let's see what happens!Longby Jeet240
ATUL LTD - BUY - LONG BREAKOUT#Atul BSE:ATUL NSE:ATUL trading in #NSE and #BSE with a share price 2450 has breakout from previous resistance at 2438. On daily charts the channel has been breakout from previous resistance placed at 2438. On weekly charts it has been breakout from symmetrical triangle. Volumes have been rising with price rise form 6 trading sessions MACD oscillators have showing strength on the charts The CMP is trading above 200 dma and 100 dma. So one can Initiate Long position at CMP with a SL of 2296 for a Target of 2835.Longby VIRUSSOUL2